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I am wondering what the interest of Vale is to close this deal. What will they get from SLW that they couldn't get elsewhere?
money. Banks don't do these types of loans. They get $1.9B upfront to help them build a mine where gold is a by product, not the main metal extracted.
I am a little surprised they issued warrants. Have they done this before ? At least the 65 strike price is pretty comforting.